Bangladesh Bank puts ceiling on mobile bank account money

Mobile banking customers will not be able to keep more than Tk 300,000 in their account from next year.

Staff Correspondentbdnews24.com
Published : 6 Nov 2017, 03:14 PM
Updated : 6 Nov 2017, 08:15 PM

The Bangladesh Bank fixed the ceiling on Monday, saying it aims to stop abuse of mobile financial services or MFS.

In a notice, it has asked those with more than Tk 300,000 in their MFS account to bring the amount within the limit by Dec 31 this year.

The notice says the customers can transfer the money to their bank accounts.